Amazon's announced—but not yet activated—a new service that will let you take out (read: download) ebooks from your local library and enjoy them on your Kindle or Kindle app.

Kindle Library Lending is not an entirely new concept; Amazon's partner, OverDrive, is already compatible with a slew of other ebook readers and tablets. But what Kindle has is a breadth of users that those other platforms don't, and a neat annotation synching that lets you scribble in the margins like you never could with a physical library book. According to an :

"We're extending our Whispersync technology so that you can highlight and add margin notes to Kindle books you check out from your local library. Your notes will not show up when the next patron checks out the book. But if you check out the book again, or subsequently buy it, your notes will be there just as you left them, perfectly Whispersynced."

While I'm not someone who takes notes while I read (feels like work, man), I can see the benefit to those who do.

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Amazon didn't specify how long the lending period was, but OverDrive typically has a 14-day window, and other partners have limited the number of books you can check out simultaneously to six. The service will be available on Kindle "later this year."

AMAZON TO LAUNCH LIBRARY LENDING FOR KINDLE BOOKS

Customers will be able to borrow Kindle books from over 11,000 local libraries to read on Kindle and free Kindle reading apps

Whispersyncing of notes, highlights and last page read to work for Kindle library books

SEATTLE-April 20, 2011-(NASDAQ: AMZN)- Amazon today announced Kindle Library Lending, a new feature launching later this year that will allow Kindle customers to borrow Kindle books from over 11,000 libraries in the United States. Kindle Library Lending will be available for all generations of Kindle devices and free Kindle reading apps.

"We're excited that millions of Kindle customers will be able to borrow Kindle books from their local libraries," said Jay Marine, Director, Amazon Kindle. "Customers tell us they love Kindle for its Pearl e-ink display that is easy to read even in bright sunlight, up to a month of battery life, and Whispersync technology that synchronizes notes, highlights and last page read between their Kindle and free Kindle apps."

Customers will be able to check out a Kindle book from their local library and start reading on any Kindle device or free Kindle app for Android, iPad, iPod touch, iPhone, PC, Mac, BlackBerry, or Windows Phone. If a Kindle book is checked out again or that book is purchased from Amazon, all of a customer's annotations and bookmarks will be preserved.

"We're doing a little something extra here," Marine continued. "Normally, making margin notes in library books is a big no-no. But we're extending our Whispersync technology so that you can highlight and add margin notes to Kindle books you check out from your local library. Your notes will not show up when the next patron checks out the book. But if you check out the book again, or subsequently buy it, your notes will be there just as you left them, perfectly Whispersynced."

With Kindle Library Lending, customers can take advantage of all of the unique features of Kindle and Kindle books, including:
Paper-like Pearl electronic-ink display
No glare even in bright sunlight
Lighter than a paperback – weighs just 8.5 ounces and holds up to 3,500 books
Up to one month of battery life with wireless off
Read everywhere with free Kindle apps for Android, iPad, iPod touch, iPhone, PC, Mac, BlackBerry and Windows Phone
Whispersync technology wirelessly sync your books, notes, highlights, and last page read across Kindle and free Kindle reading apps
Real Page Numbers – easily reference passages with page numbers that correspond to actual print editions

Amazon is working with OverDrive, the leading provider of digital content solutions for over 11,000 public and educational libraries in the United States, to bring a seamless library borrowing experience to Kindle customers. "We are excited to be working with Amazon to offer Kindle Library Lending to the millions of customers who read on Kindle and Kindle apps," said Steve Potash, CEO, OverDrive. "We hear librarians and patrons rave about Kindle, so we are thrilled that we can be part of bringing library books to the unparalleled experience of reading on Kindle."

Kindle Library Lending will be available later this year for Kindle and free Kindle app users. To learn more about Kindle go to www.amazon.com/kindle.